Optimization Based Characterizations of Cost Sharing Methods

Eric Friedman ()
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Eric Friedman: Rutgers University

Departmental Working Papers from Rutgers University, Department of Economics

Abstract: We provide several new characterizations of well known cost sharing methods (CSMs) as maxima of linear (or convex) functionals. For the Shapley-Shubik method the characterization has an interpretation in terms of randomly ordered agents choosing their most preferred CSM, while the characterizations of the Aumann-Shapley and Serial methods have a very general character: any symmetric convex functional which uniquely characterizes a scale invariant CSM must characterize the Aumann-Shapley method, while the identical statement is true for the Serial method when scale invariance is replaced by demand monotonicity.

Keywords: cost allocation (search for similar items in EconPapers)
Date: 1999-10-05
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Persistent link: https://EconPapers.repec.org/RePEc:rut:rutres:199918

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